These trade recommendations are brought to you by CPM Group.
Due to market conditions, the views and positions of trade recommendations can quickly change. We strongly advise you to monitor our published trade recommendations on an ongoing basis.
Gold prices have come off sharply after having briefly traded above £34.29g ($1,350/oz) late last week. The Trump administration has walked back its tariff trade stance against Mexico, but could make headlines again later this week. The unpredictability affecting gold prices and indeed most global financial markets is the direction President Trump takes with his seemingly impulsive comments on Twitter. With the absence of any further tweets, prices are likely to head lower. However, economies worldwide are still on a path of growth.
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Past performance is no indication or guarantee of anticipated future profits and neither Goldex nor CPM can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore this trade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPM is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM may have positions in the precious metals, commodity and equities markets. CPM also manages investment and industrial positions in markets for its clients.